Check out n/x 2010, trading in a 45-60 range recently I'm short average of 55. Also my long oil short meal spreads have been working well, looking to ring register soon.
Darin Excellent post and I agree with you. It has to be commercials just finding value down here and must be totally a short term cash issue now. However I would imagine most of this gets resolved by sep delivery so I think im gonna take this opportunity to start bearspreading for roll in u/z great post though! will be good to have somebody like you on ET
Looking at seasonal charts, Dec, going into Jan would be the best opportunity to start a bean spread (N/X)...that is why I am waiting.
Covered mealil spreads today, oat corn getting to 1.00 premo soon. I will see how it acts at that level and may be looking to ring the register soon.
saw this on the wires ... "Soybean basis is in a total collapse. Nobody wants to own soybeans." now if only my soybean drink will get cheaper at the store
Shit, nobody wants to own anything right now except corn. In our area...wheat yields coming in even worse than expected (HRW), and yet basis widens out another 15 cents...we are looking at 90 under the Dec board right now. Beans not a big crop here...but basis widening on that too...corn saw an uptick though...up a nickel to 10 over the Dec right now...still below our historical avg of 25 over though.
I missed a great soybean short on the q/v, q/x and others... they were in my notebook for today's trades, and I missed them as they were so fast out the gate... damn... guess I should place trades in the overnight, but seems riskier...
hold on a bit...you'll probably get a second chance tomorrow...we have the big bean numbers come out on friday...that should help set the tone on these final old/new spreads.